Ukrnafta paid UAH 4.3 bln of rent this year
Ukrnafta paid UAH 4.3 bln of rent this year

For July, 2018, PJSC Ukrnafta paid UAH 671.5 mln in rent to the state and local communities’ budgets of different levels. According to the rent sharing mechanism, enshrined in law, the oblasts, raions and local communities’ budgets received UAH 33.6 mln from this sum.

In total, for seven months, the rent from the company to the budgets of all levels made up UAH 4.3 bln, including UAH 214.4 mln to the local budgets.

The rent payments for July increased against the same indicator for June for all oblasts. Meanwhile, the biggest recipients of rent revenues remain the same: communities from Sumy oblast, from Ivano-Frankivsk oblast and from Poltava oblast.

5% of rent revenues to budgets of oblasts, raions and local communities, mln UAH

 

For July, 2018

For 7 months, 2018

Sumy oblast

14.5

92.8

Ivano-Frankivsk oblast

7.5

47.5

Poltava oblast

4.8

32.2

Chernigiv oblast

3.3

21.1

Lviv oblast

2.8

17.0

Kharkiv oblast

0.5

3.2

Dnipropetrovsk oblast

0.07

0.5

Chernivetska oblast

0.03

0.2

Total

33.6

214.4

The rent sharing mechanism envisages that 95% of rent revenues go to the central public budget, while 5% - to the local budgets. The local rent revenues are split further with 2% allocated to the raions and 3% to the oblast and local communities where companies produce hydrocarbons. Thus, the rent sharing mechanism allows local communities to receive share of revenues from production of oil and gas.

According to the recent estimates, Ukrnafta will pay circa UAH 6.4 bln in rent in 2018, with about UAH 320 mln in rent revenues going to the oblasts, raions and local communities where the company operates.

 

For more information please contact press office: +38 044 239 14 93